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Consumer Proposals & Licensed Insolvency Trustees
Connect With a Trustee to Find Debt Relief and Eliminate Your Debts.
Our Trustworthy Trustees are Available to Assist You in Creating Your Plan to Get Out Of Debt.
Cut Debt by 80% and Clear All Interest Charges
We Help You Get Out of Debt and Stay out of Debt!
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Licensed Insolvency Trustees & Credit Counsellors
Consumer Proposals · Bankruptcy · Debt Relief
Explore Debt Solutions to Help You Get Out of Debt
Rely on our debt specialists to guide you through the available choices for achieving freedom from debt.
Credit counselling, debt consolidation, consumer proposal, and bankruptcy are all potential solutions to help you become debt-free.
Credit counselling, debt consolidation, consumer proposal, and bankruptcy are all potential solutions to help you become debt-free.
Consumer Proposal
A consumer proposal is an agreement you can make with your creditors to settle your debt for an amount lower than what you currently owe. By opting for a consumer proposal, you have the opportunity to lower your monthly payments by as much as 80%.
This solution enables you to retain ownership of assets like your home, car, and tax refunds.
If your debt is continuously growing and you want to avoid declaring bankruptcy, a consumer proposal might be the right choice for you.
This option allows you to significantly reduce your debt by up to 80% and puts a stop to any further interest charges. Additionally, it offers a manageable monthly payment plan.
Personal Bankruptcy
Bankruptcy is a legal procedure designed to release a debtor from the responsibility of repaying their debts when they are unable to do so.
By filing for bankruptcy, you can put an end to collection calls and begin anew with your financial situation.
Bankruptcy serves as a legal avenue to eliminate unsecured debts and provide a fresh start to your financial affairs.
This option is typically considered as a last resort when other methods of managing debt have proven ineffective.
Bankruptcy, as well as consumer proposals, provides an automatic stay, which immediately halts wage garnishments and collection calls.
Debt Consolidation
Debt consolidation involves the process of refinancing debt by taking out a single loan to settle multiple existing ones.
This approach allows for the consolidation of various debts into a single monthly payment, often at a lower interest rate.
Ultimately, this consolidation can simplify the repayment process and expedite the payoff of debts.
You can also consolidate your debts with a consumer proposal.
Reducing the number of monthly payments is always a welcome relief, especially when combined with the potential savings resulting from consolidating debt at a lower interest rate.
Debt Relief Solutions
Our team of Licensed Insolvency Trustees is equipped to assist you in identifying the optimal strategy for eliminating your debt, putting a stop to collection efforts, preventing wage garnishment, and making your payments more manageable.
Our goal is to assist you in circumventing bankruptcy and finding alternatives to alleviate your financial burdens.
This is why we always recommend personal bankruptcy as a last resort.
We will review your finances and help you formulate a plan to get out of debt that helps you avoid bankruptcy such as making a consumer proposal, budgeting, credit counselling or debt consolidation options.
We Help Canadians With the Following
We help Canadians make sound financial choices, enhance your financial literacy, obtain a better comprehension of credit, and assist with formulating a strategy to accomplish your objective of becoming debt-free.
Credit Card Debt
Struggling to pay the minimum amount on your credit cards? Balancing multiple credit card bills? Our service can assist you in consolidating your credit card debts into a single reduced monthly payment.
Payday Loans
Payday loans can lead to financial anxiety as the interest rate accrues at a faster pace than you can repay it. Our services help you to end the cycle of payday loans.
Tax Debt Relief
The Canada Revenue Agency can resolve tax issues through a Consumer Proposal. Our assistance involves negotiating a reduction in your tax debt and establishing a manageable payment arrangement.
Settle Student Loans Debt
If you have completed your education 7 years ago, it is possible to have your government student loans forgiven. Our service assists in obtaining relief from lingering student loan debt.
Personal Loans & Overdue Bills
Are you burdened with high interest rates on your bank loans? Are you falling behind on bill payments? Our services can put an end to collection calls and wage garnishments while reducing your monthly payments.
Bankruptcy Canada
Consumer Proposal &
Licensed Insolvency Trustee
Debt Relief Experts
BANKRUPTCYCANADA
Get Your Free Consultation With a Licensed Debt Relief Expert Now!
Find out how you can quickly get out of debt by setting up a free consultation with us today.
Find Your Debt Relief Solution in 3 Simple Steps
A knowledgeable government Licensed Insolvency Trustee can assist you in assessing your financial position and providing guidance on potential solutions for debt relief.
Best of all, this valuable advice is offered to you at no cost.
Best of all, this valuable advice is offered to you at no cost.
Talk to a Licensed Debt Relief
Expert for Free
Managing debt can be a source of stress. Our commitment is to provide clients with expert advice through friendly and non-judgmental consultations. Our consultations are free with no upfront fees, ensuring there is nothing to lose. Receive the professional debt relief advice you deserve from us!
Review Your
Options
Our team of professionals will collaborate with you to create a customized debt-relief plan that perfectly suits your requirements. This plan will alleviate your stress and concerns, allowing you to explore the various options available to you such as a consumer proposal, personal bankruptcy or debt consolidation.
Get Out of Debt
Fast With Our Support
We are committed to supporting you throughout the entire process, providing you with a dedicated expert counselor who will assist you every step of the way. From the initial stages to the ultimate resolution, our goal is to help you eliminate your debt as efficiently and quickly as possible.
Credit Counselling
The solution for all of your financial requirements
At Bankruptcy Canada, our highly knowledgeable Licensed Insolvency Trustees and credit counsellors will provide you with professional guidance, recommendations, and effective solutions that will offer you complete peace of mind throughout the entire process.
Receive a Free Assessment of Your Debt & Guidance on How to Eliminate it
- Clarification of the alternatives available to you.
- Tailored strategy for managing your debt.
- No charges and no requirement to act.
- Private and secure.
- Gain a broader perspective on how to get out of debt and put your mind at ease.
- Book a complimentary consultation with a licensed and proficient insolvency trustee immediately.
FAQs
What happens when you go bankrupt?
The debt that remains after filing for bankruptcy and the decision on which debts are affected by filing, depends on the kind of debt and your payment history. Some debts persist despite bankruptcy regulations. The underlying idea of a personal bankruptcy is…[Read More]
What is a consumer debt proposal?
A consumer proposal serves as an alternative to filing for personal bankruptcy that allows you to cut 80% or more of your debts. It is a negotiated agreement between you and your creditors, overseen by a consumer proposal administrator…[Read More]
Does filing bankruptcy impact my spouse?
Declaring bankruptcy in Canada does not have a direct impact on your spouse. The debts you accumulate remain solely your responsibility. In the event that you file for bankruptcy, your debts are…[Read More]
What can I keep if I file for bankruptcy?
When you file for bankruptcy, it is possible to retain certain belongings known as bankruptcy exemptions. These assets are exempt from being seized …
[Read More]
How long does bankruptcy last?
A variety of considerations impact the duration of your bankruptcy in Canada. Your period of bankruptcy comes to a close at the time of your discharge, which is when your debts are officially cancelled. For the majority of insolvent individuals…[Read More]
What happens to my house in bankruptcy?
Although there may be slight variations in the laws across different provinces, the fundamental principle remains consistent. If you have a significant amount of equity in your house at the time you declare bankruptcy, you will not be able to retain ownership of it…[Read More]
Why Choose Bankruptcy Canada on Your Path to Debt Freedom?
A Licensed Insolvency Trustee (LIT) is the sole professional authorized by the Canadian government to administer both Bankruptcy and Consumer Proposal. As a consumer, you can have confidence in the expertise, knowledge, and experience of a Trustee in assisting you in resolving your debt issues.
If you are burdened by debt and seeking information, we invite you to explore our website’s extensive collection of articles, which have been prepared and reviewed by Trustees. Here, you will find answers to many of your initial inquiries.
Additionally, BankruptcyCanada can connect you with a Licensed Insolvency Trustee in your vicinity. We collaborate with reputable firms throughout the country. Familiarize yourself with the information available on our website, and then allow a Trustee to guide you through the subsequent steps. Achieving a better financial future is within reach.
Your initial consultation will be free of charge.
Assistance for Repaying Debts
Avoid Filing Bankruptcy, Stop Collection Calls & Wage Garnishments
A Licensed Insolvency Trustee (LIT) is the sole professional authorized by the Canadian government to administer both Bankruptcy and Consumer Proposal. As a consumer, you can have confidence in the expertise, knowledge, and experience of a Trustee in assisting you in resolving your debt issues.
We'll help you:
Reduce or remove interest charges accrued on credit cards and other high interest debts;
Settle your debts with a single, reasonable monthly payment;
Prevent the need for bankruptcy filing;
Halt collection calls;
Start saving for your future.
Discuss options to get out of debt with a trained & licensed debt relief professional.
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